WEBVTT - Paul Murray Live | 11 February 0:00:00.160 --> 0:00:06.680 From the Skying Center. This is Paul Murray Live. Come 0:00:06.720 --> 0:00:09.879 on into the man Cave, All Killer, no Feller, superstars, 0:00:09.920 --> 0:00:12.840 wherever you look tonight on the Show of No Sooks 0:00:12.840 --> 0:00:15.440 and No Lefties. The Great Pauline Hanson will be here. 0:00:15.480 --> 0:00:18.680 She's got plenty of huge ideas ahead of the next election, 0:00:18.800 --> 0:00:20.280 and I think plenty of them you need to hear 0:00:20.720 --> 0:00:24.799 from the great Lady herself. Speaking of great people. Nigel Farage, 0:00:24.880 --> 0:00:28.200 the man who is turning UK politics on its head. 0:00:28.360 --> 0:00:31.000 The polls say he is on track to being the 0:00:31.040 --> 0:00:33.120 next Prime Minister of the UK. We'll have a chapter 0:00:33.200 --> 0:00:35.360 Nigel a little bit later, but first let's deal with 0:00:35.600 --> 0:00:38.479 the most important stuff in the most important country in 0:00:38.600 --> 0:00:41.599 the world ours. Now we know the Prime Minister has 0:00:41.640 --> 0:00:43.680 got the craky pants on at the moment. Why because, 0:00:43.760 --> 0:00:45.519 as they used to say about Donald Trump, and the 0:00:45.560 --> 0:00:49.800 walls are closing in every day. The bookies, the polls, 0:00:49.880 --> 0:00:52.919 they all tell the same story. The bloke who planned 0:00:53.040 --> 0:00:57.000 to rule for a generation may just may be out 0:00:57.000 --> 0:01:00.720 of a job in a few weeks time. Now my 0:01:01.000 --> 0:01:04.160 prediction is a minority labor government. But you can't deny 0:01:04.280 --> 0:01:08.080 what is going on. Fast moving poles that get worse 0:01:08.520 --> 0:01:10.920 for the Prime Minister and the Labor Party as every 0:01:11.040 --> 0:01:14.600 poll comes out. There's not a week that doesn't go 0:01:14.720 --> 0:01:19.000 by without some example of the Labor Party falling below 0:01:19.160 --> 0:01:21.960 fifty percent in two party preferred, And once you start 0:01:22.000 --> 0:01:24.760 to dig into the detail, the data is even worse. 0:01:25.360 --> 0:01:27.200 I'm not breaking any news to you there, it's just 0:01:27.280 --> 0:01:29.800 the reality of where we start the conversation this evening. 0:01:29.959 --> 0:01:32.479 In fact, the latest poll out from the Morgan organization, 0:01:32.840 --> 0:01:35.240 and I must say the poles do bounce around a bit, 0:01:35.280 --> 0:01:38.600 but tonight it's fifty one and a half to forty 0:01:38.640 --> 0:01:42.080 eight and a half. But of course the Prime Minister 0:01:42.400 --> 0:01:45.400 knows that he has got many people on his side, 0:01:45.880 --> 0:01:50.200 who of course are completely independent but well of course 0:01:50.200 --> 0:01:52.360 in this campaign not just give him the benefit of 0:01:52.400 --> 0:01:54.720 the doubt, but run as hard as they possibly can 0:01:55.000 --> 0:01:58.360 against any idea of a change in government. That being 0:01:58.360 --> 0:02:01.640 of course many inside the camp galery, not all, but many, 0:02:02.160 --> 0:02:04.680 And you have seen that when the polls were terrible 0:02:05.240 --> 0:02:09.040 after the Voice in twenty twenty three, they were more 0:02:09.040 --> 0:02:11.280 than happy to run the stories that the Prime Minister 0:02:11.360 --> 0:02:13.520 was looking for a reset over summer and things will 0:02:13.560 --> 0:02:18.000 be better in twenty and twenty four. We know that 0:02:18.040 --> 0:02:20.960 the media more than happy to repeat ludicrous claims from 0:02:20.960 --> 0:02:24.480 the Prime Minister that the worst is behind us, that 0:02:24.639 --> 0:02:27.480 magically everything that has cost how much over the past 0:02:27.480 --> 0:02:31.480 three years is all just melting away. Or of course 0:02:31.520 --> 0:02:34.560 they are covering like a full election campaign, the dummy 0:02:34.639 --> 0:02:38.480 election campaign from this Prime minister, one where there's not 0:02:38.560 --> 0:02:41.360 a joint. He doesn't stop at that. He wants to 0:02:41.400 --> 0:02:43.880 fire the cash cannon out by the way, it's your 0:02:43.919 --> 0:02:44.640 cash of course. 0:02:47.919 --> 0:02:51.680 Today we're announcing an equity injection of three billion dollars 0:02:52.120 --> 0:02:56.240 into the NBN, a seven point two billion dollar announcement 0:02:56.320 --> 0:03:01.200 today to assist with the Bruce Highway, a really important 0:03:01.280 --> 0:03:06.400 announcement that will bring up this wonderful city. Today we 0:03:06.520 --> 0:03:11.480 had the significant announcement of two hundred million dollars in 0:03:11.760 --> 0:03:16.960 housing and community infrastructure for regional wa. 0:03:17.680 --> 0:03:20.280 And on and on and on and on. Every day, 0:03:20.400 --> 0:03:23.239 some new announcement as if it was the election campaign, 0:03:23.280 --> 0:03:26.080 the media covering it as if it is the election campaign, 0:03:26.639 --> 0:03:29.400 but never actually grabbing the calculator to double check what 0:03:29.480 --> 0:03:32.919 the spendometer is at currently for Anthony Albanese in the 0:03:32.960 --> 0:03:36.200 Labor Party, since January the first just this year. We're 0:03:36.240 --> 0:03:39.960 not even two weeks into February. Sixteen billion dollars has 0:03:40.000 --> 0:03:43.560 been promised by this bloke. Sixteen billion of your dollars 0:03:43.600 --> 0:03:45.680 on top of the record spending, on top of the 0:03:45.720 --> 0:03:51.080 record spending, ahead of budget deficits for the next forty years. Well, 0:03:51.160 --> 0:03:53.240 just like the reset after the voice, just like the 0:03:53.320 --> 0:03:56.200 voice itself, and just like the faux election campaign, the 0:03:56.280 --> 0:03:59.640 money has not moved the needle. The latest polling again 0:04:00.160 --> 0:04:02.760 as sure as tonight, or if you roll back to 0:04:02.800 --> 0:04:06.880 other organizations with more stable numbers, it shows things rolling 0:04:06.960 --> 0:04:10.320 Dutton's way and against alban Easy, week after week, day 0:04:10.360 --> 0:04:15.600 after day. So those that are the Pratorian Guard, the 0:04:15.680 --> 0:04:19.960 chief guards of the Canberra bubble, they are rather focused 0:04:20.080 --> 0:04:22.680 on a bit of news that they believe will save 0:04:23.080 --> 0:04:26.640 the backside of the prime minister that they prefer. You 0:04:26.680 --> 0:04:30.560 will have heard this many many times, but he is 0:04:30.640 --> 0:04:33.559 an example of what they think will be Elbow's best 0:04:33.680 --> 0:04:36.560 last chance to reverse his terrible standing. 0:04:38.279 --> 0:04:40.560 The other and Easy government will be sweating on an 0:04:40.600 --> 0:04:43.719 interest rate cut and will be excited that the inflation 0:04:43.839 --> 0:04:46.000 figures today open the door for that to be a 0:04:46.040 --> 0:04:49.560 real possibility. When the Reserve Bank meets next month or 0:04:49.680 --> 0:04:50.400 in April. 0:04:50.520 --> 0:04:53.680 The government wants a reterest rate cut before they call 0:04:53.720 --> 0:04:56.440 an election, or at some stage during the election campaign. 0:04:56.520 --> 0:04:59.839 That would be the ultimate sign in their eyes to 0:05:00.000 --> 0:05:04.320 Australian voters that the economic fight against the inflation dragon, 0:05:04.360 --> 0:05:06.840 as Jim Chalmers used to call it, has at least 0:05:06.880 --> 0:05:09.920 been if not one, then certainly it is winning. 0:05:11.040 --> 0:05:14.159 So decision will be made about this time next week 0:05:14.440 --> 0:05:16.279 by the Reserve Bank about whether they are going to 0:05:16.279 --> 0:05:18.800 cut those rates or not. Now, depending on where you look, 0:05:18.880 --> 0:05:21.719 the predictions are anywhere between ninety and ninety nine percent 0:05:21.720 --> 0:05:25.440 that they're going to cut because other reserve banks or 0:05:25.480 --> 0:05:27.840 central banks around the world have started to do so. 0:05:29.560 --> 0:05:32.920 But I've got a little feeling that this is not 0:05:33.040 --> 0:05:35.680 going to be the silver bullet that many in the 0:05:35.720 --> 0:05:38.160 media who always give the benefit of the doubt to 0:05:38.200 --> 0:05:40.599 the government because they like the arrangements they have with 0:05:40.680 --> 0:05:43.279 the side of politics, they prefer that it is not 0:05:43.520 --> 0:05:48.440 going to be the silver bullet solution to all problems 0:05:48.480 --> 0:05:54.479 albow because according to those who have done the numbers, 0:05:54.920 --> 0:05:56.800 if there was an interest rate cut of a quarter 0:05:56.800 --> 0:05:58.640 of a percent, which generally speaking, it goes up by 0:05:58.640 --> 0:06:00.279 a quarter of a percent. It comes down by order 0:06:00.279 --> 0:06:02.440 of a percent. It would save you a grand total 0:06:02.480 --> 0:06:06.600 of ninety two dollars a month. If you've got a 0:06:06.640 --> 0:06:09.400 six hundred thousand dollars loane one hundred and fifteen dollars, 0:06:09.440 --> 0:06:11.960 it's seven hundred and fifty thousand, or th're a million 0:06:11.960 --> 0:06:15.960 bucks one hundred and fifty four dollars a month, not 0:06:16.040 --> 0:06:19.480 a week a month. Now, of course, would you prefer 0:06:19.520 --> 0:06:21.839 that money not to be going on your repayment? Sure, 0:06:23.360 --> 0:06:25.719 but does anyone not believe that your power bill, the 0:06:25.800 --> 0:06:28.279 cost of patrol, the cost of insurance, or anything else 0:06:28.560 --> 0:06:32.279 is not equally gobbled up by that small amount of money. Instead, 0:06:32.320 --> 0:06:35.960 it's just a big headline number that they will be 0:06:36.000 --> 0:06:38.679 able to try to tell you that everything is better. 0:06:40.160 --> 0:06:45.360 But remember what the reality is here. And then there's 0:06:45.360 --> 0:06:47.440 some fan fiction on top of all of this. So 0:06:47.680 --> 0:06:51.120 invested are parts of the Australian media that the Reserve 0:06:51.240 --> 0:06:55.080 Bank holds the key to the future the Albanese government, 0:06:55.080 --> 0:06:58.320 and it must turn that key, sir, turn that key, sir, 0:06:59.480 --> 0:07:02.320 in order to give the relief to the government for 0:07:02.360 --> 0:07:04.880 it to get the clear air to get its rightful 0:07:04.960 --> 0:07:09.560 place as a re elected government. This today popped up 0:07:10.000 --> 0:07:15.000 on taxpayer media where they start fan fictioning about what 0:07:15.040 --> 0:07:17.600 the costs are. Now, yes, they had the examples of 0:07:17.640 --> 0:07:22.760 a one month reduction, but then they just start pretending 0:07:22.840 --> 0:07:26.240 that there'll be multiple rate cuts. In fact, further into 0:07:26.240 --> 0:07:28.760 straight cuts could lead to more savings. For example, Kansta 0:07:28.880 --> 0:07:32.800 says two rate cuts would see monthly repayments fall by 0:07:32.840 --> 0:07:35.240 two hundred and twenty nine dollars per month on a 0:07:35.320 --> 0:07:38.920 seven hundred and fifty thousand dollars loan, And if there 0:07:38.960 --> 0:07:42.400 were four rate cuts this year, a borrower with a 0:07:42.400 --> 0:07:45.160 million dollar loan would save five hundred and ninety nine 0:07:45.280 --> 0:07:47.920 dollars a month. Now, I hope that there are four 0:07:48.000 --> 0:07:52.240 rate cuts this year, but there are currently duck egg 0:07:52.880 --> 0:07:57.600 maybe probably one, but the idea that one automatically leads 0:07:57.600 --> 0:08:01.760 to another automatically leads to another. But this government rigged 0:08:01.760 --> 0:08:04.000 the way that the Reserve Bank is making its decisions. 0:08:04.160 --> 0:08:06.280 Rather than meeting on the first Tuesday of every month, 0:08:06.360 --> 0:08:09.520 it's kind of every six weeks, a little bit longer here, 0:08:09.520 --> 0:08:13.640 a little bit less there. So the decisions that they 0:08:13.680 --> 0:08:18.080 make will either be lots of dramatic changes because they 0:08:18.080 --> 0:08:24.400 are meeting at fewer times, or small changes, wait then 0:08:24.440 --> 0:08:28.119 another change that is most likely to be the case 0:08:28.200 --> 0:08:30.960 of the course of the Reserve Bank governor. But watch 0:08:31.000 --> 0:08:34.320 this space and watch the media tell you that everything 0:08:34.440 --> 0:08:36.520 that this government has made worse over the past three 0:08:36.559 --> 0:08:40.559 years will magically be forgiven if you can save ninety two, 0:08:40.760 --> 0:08:43.080 one hundred and fifteen or one hundred and fifty four 0:08:43.240 --> 0:08:46.680 thousand dollars off the repayment of your mortgage in the 0:08:46.679 --> 0:08:50.120 month of a federal election. And while of course it 0:08:50.200 --> 0:08:52.520 is the decision making of the Prime Minister as to 0:08:52.600 --> 0:08:55.200 when the election will be, can I give you a 0:08:55.240 --> 0:08:59.160 little hint as to the theories around the date? And 0:08:59.280 --> 0:09:02.800 it's no seat great political insight from decades of walking 0:09:02.880 --> 0:09:08.120 the corridors of power. It's available on the Reserve Bank's website. 0:09:08.480 --> 0:09:12.760 The Reserve Bank will be meeting on the seventeenth and 0:09:12.880 --> 0:09:17.800 eighteenth of February. Their next meeting will be, as I said, 0:09:17.800 --> 0:09:20.640 about six weeks after that, thirty first of March and 0:09:20.760 --> 0:09:25.680 first of April. The suggestions of the election timing is 0:09:25.679 --> 0:09:27.560 that it could be the first weekend in April, or 0:09:27.559 --> 0:09:29.959 maybe the second weekend in April. That would mean that 0:09:30.000 --> 0:09:34.280 they don't have to deliver a federal budget. That second number, 0:09:35.800 --> 0:09:40.640 if the press gallery dreams are right, would be a 0:09:40.679 --> 0:09:44.680 reduction in the repayments on interest rates and your home 0:09:44.760 --> 0:09:48.600 loan in the week of an election. But don't forget 0:09:49.280 --> 0:09:52.480 half of the country votes early, so the half of 0:09:52.520 --> 0:09:56.200 the country will not see what may or may not 0:09:56.240 --> 0:09:59.760 happen from the Reserve Bank. But this is why I 0:09:59.840 --> 0:10:04.160 do do not believe for a second that despite what 0:10:04.240 --> 0:10:06.200 the media will tell you, because the media told you 0:10:06.240 --> 0:10:09.080 the voice was going to happen, the media told you 0:10:09.520 --> 0:10:12.480 that this bloke was going to reset, the media told 0:10:12.520 --> 0:10:14.920 you that the two little too late tax cuts would 0:10:14.920 --> 0:10:19.960 completely reverse the government's standings. In every occasion, it has 0:10:20.200 --> 0:10:25.400 got worse because your financial scenario has gotten worse. And 0:10:25.440 --> 0:10:28.760 while I hope, desperately hope as a person trying to 0:10:28.800 --> 0:10:32.199 pay off a house that interest rates fall as fast 0:10:32.280 --> 0:10:38.400 as humanly possible, but the reality of the pain that 0:10:38.480 --> 0:10:40.120 a third of the country that is trying to pay 0:10:40.160 --> 0:10:42.199 off its house in fact more than because they might 0:10:42.200 --> 0:10:44.080 be trying to pay off an investment property as well, 0:10:45.520 --> 0:10:47.320 is that, according to find it dot Com, that are 0:10:47.320 --> 0:10:50.240 you doing the work for the West Australian newspaper For 0:10:50.280 --> 0:10:53.319 every four hundred thousand dollars you borrow, you have had 0:10:53.320 --> 0:10:56.839 to pay an extra fourteen nine hundred and forty dollars 0:10:56.920 --> 0:11:02.400 since this government came to power. So if anyone in 0:11:02.480 --> 0:11:06.160 labor Land or media land thinks that one interest rate drop, 0:11:06.520 --> 0:11:09.520 that best case scenario for people on a million dollar 0:11:09.640 --> 0:11:12.200 mortgage is one hundred and fifty four dollars saving that 0:11:12.240 --> 0:11:20.080 you'll magically forget the almost three times that number because, 0:11:20.080 --> 0:11:22.199 as I said, I previously showed you that number and 0:11:22.240 --> 0:11:24.200 it was the calculation on five hundred thousand. No I 0:11:24.240 --> 0:11:28.360 double checked it's calculation on four hundred thousand, So put 0:11:28.400 --> 0:11:31.920 it up again. Do the maths. Now, the average home 0:11:31.960 --> 0:11:34.720 loan in Australia is a little lower than the home 0:11:34.760 --> 0:11:36.280 loan if you are trying to pay off for property 0:11:36.320 --> 0:11:39.520 in Cidney, Meldmolle, Brisbane, certainly Perth where their market is 0:11:39.559 --> 0:11:42.960 going nuts right now. So if you're an eight hundred 0:11:43.000 --> 0:11:47.160 thousand dollars twenty eight thousand dollars that you were not 0:11:47.320 --> 0:11:52.000 paying off your home when this bloke was elected the 0:11:52.000 --> 0:11:57.200 Prime minister, that's last year, the year before, and that's 0:11:57.240 --> 0:11:59.400 the track that you were on for this year. That's 0:11:59.440 --> 0:12:02.880 why they can tell me as much as they want 0:12:02.920 --> 0:12:06.320 to that times are changing and we've turned the corner 0:12:06.320 --> 0:12:10.280 and the worst is behind us. The reality is that 0:12:10.400 --> 0:12:15.560 the worst has broken many Australians. It has pushed too 0:12:15.600 --> 0:12:19.000 many Australian families right to the brink. And if you 0:12:19.040 --> 0:12:22.240 think that they don't have a rear vision mirror or 0:12:22.320 --> 0:12:25.559 don't have a long enough memory to remember where they 0:12:25.679 --> 0:12:28.960 were before the bloke who promised to make it better 0:12:29.679 --> 0:12:32.680 took over and made everything worse than you do not 0:12:32.880 --> 0:12:37.040 know the average Australian, which of course would mean you 0:12:37.120 --> 0:12:39.720 are at times a full time person who focuses on 0:12:39.720 --> 0:12:43.760 Australian federal politics. There are some examples, but you know 0:12:44.000 --> 0:12:45.360 what they're going to do when it comes to this 0:12:45.440 --> 0:12:48.600 interest rate drop, which I hope happens. It desperately ape happens. 0:12:48.720 --> 0:12:52.680 But fan fictioning, fan fictioning, if four of them to 0:12:52.720 --> 0:12:54.640 try to make people think that they're going to be 0:12:54.640 --> 0:12:57.800 getting way more than they are, come on slighter hand. Well, 0:12:58.080 --> 0:13:00.920 I know all the tricks, saying them all, so I'll 0:13:00.920 --> 0:13:04.440 call them out every night for you here on Pulmary Life. 0:13:05.679 --> 0:13:08.840 In Question Time today there was a little more relentless 0:13:08.840 --> 0:13:11.160 focus on the government and whether they're going to ever 0:13:11.200 --> 0:13:15.280 fiddle with more things like superannuation tax or negative gearing. 0:13:15.520 --> 0:13:17.520 Why is the pressure on them on negative gearing because 0:13:17.640 --> 0:13:20.760 the Greens want it gone. The Greens, of course, could 0:13:20.800 --> 0:13:23.440 be the ones propping up the federal government after the 0:13:23.480 --> 0:13:26.960 next election due to a minority government, and the Greens 0:13:26.960 --> 0:13:31.280 are asking questions like this and setting their price for support. 0:13:32.600 --> 0:13:35.720 Will Labor stop giving property investors with multiple properties big 0:13:35.760 --> 0:13:39.520 tax handouts, the turbochargehouse prices and deny rents the chance 0:13:39.559 --> 0:13:42.320 to buy a home and instead finally phase out negative 0:13:42.320 --> 0:13:44.240 gearing and the capital gains tax discount. 0:13:45.000 --> 0:13:47.200 So it moved to the same end of the chamber today, 0:13:47.280 --> 0:13:50.480 Whether the alternative Prime Minister asked a question about any 0:13:50.600 --> 0:13:52.520 changes that may well be coming when it comes to 0:13:52.520 --> 0:13:56.880 superannuation or negative gearing. Will the Prime Minister rule out 0:13:56.880 --> 0:14:00.120 any changes to negative gearing and capital gains treatment? But 0:14:00.280 --> 0:14:04.040 during his time as Prime minister, pay attention to every 0:14:04.160 --> 0:14:06.040 word The Prime Minister says. 0:14:07.440 --> 0:14:11.200 They've had a long time to work out questions in 0:14:11.240 --> 0:14:14.679 this place. You know what our housing policy is. A 0:14:14.800 --> 0:14:19.200 housing policy is thirty two billion dollars of a Home 0:14:19.280 --> 0:14:20.320 for Australia plan. 0:14:21.040 --> 0:14:21.760 That's our plan. 0:14:22.440 --> 0:14:23.200 That's our plan. 0:14:24.720 --> 0:14:28.000 Let's do it again. Pay attention to the non answer, 0:14:28.720 --> 0:14:31.960 to the pivot, to the change the subject. 0:14:33.320 --> 0:14:37.080 They've had a long time to work out questions in 0:14:37.120 --> 0:14:40.560 this place. You know what our housing policy is. A 0:14:40.680 --> 0:14:45.080 housing policy is thirty two billion dollars of a home 0:14:45.200 --> 0:14:46.200 for Australia plan. 0:14:46.920 --> 0:14:47.640 That's our plan. 0:14:48.320 --> 0:14:49.040 That's our plan. 0:14:50.160 --> 0:14:52.840 Now, loyal labor people will say no, no, no, no, don't 0:14:52.840 --> 0:14:54.960 miss teper. He says that there'll be no change. That 0:14:55.080 --> 0:14:59.920 is not part of their plan. Any problem is while 0:15:00.360 --> 0:15:03.360 every taxpayer got a tax cut too little, too late. 0:15:03.480 --> 0:15:05.440 We all know what they had said going into the 0:15:05.480 --> 0:15:08.840 last election, which was no plan to change. But of 0:15:08.880 --> 0:15:11.280 course they changed their plan and there was a change. 0:15:11.440 --> 0:15:13.240 They will say a change for the better. But a 0:15:13.320 --> 0:15:16.240 broken promise is a broken promise, is a broken promise? Right, 0:15:16.800 --> 0:15:19.120 and then there was the no changes to superannuation. Oh 0:15:19.120 --> 0:15:21.160 that's right. People with more than three million dollars in 0:15:21.200 --> 0:15:24.680 their superannuation are about to get a brand new tax Yes, 0:15:24.720 --> 0:15:26.400 I get it. Three million in supers an awful lot 0:15:26.400 --> 0:15:29.040 of money. But a promise is a promise is a promise. 0:15:29.440 --> 0:15:31.920 Right before we even get to the two hundred and 0:15:31.920 --> 0:15:34.400 seventy five dollars promise. But let's stay focused on this. 0:15:36.000 --> 0:15:39.040 The reality of the federal budget going into the next 0:15:39.080 --> 0:15:45.440 forty years starting this year, is deficits, deficits that get 0:15:45.480 --> 0:15:48.120 worse and worse and worse and worse and worse and 0:15:48.160 --> 0:15:51.320 worse and worse and worse and worse times forty. And 0:15:51.360 --> 0:15:53.400 that is not a right wing think tank. That is 0:15:53.440 --> 0:15:57.000 the reporting of the Treasury, the Intergenerational Report, which was 0:15:57.040 --> 0:16:03.160 released by this treasurer. While federal budget spending goes way up, 0:16:03.760 --> 0:16:07.440 the capacity to pay for it goes way down, and 0:16:07.480 --> 0:16:09.520 the margin in the middle is what we add to 0:16:09.640 --> 0:16:14.600 the trillion dollar pile of debt. Now, of course they 0:16:14.640 --> 0:16:17.760 will say all of these global factors, don't worry about it. Somehow, 0:16:17.800 --> 0:16:20.520 If we just import another ten million people and they 0:16:20.520 --> 0:16:22.080 all pay pay as you go and all of them 0:16:22.080 --> 0:16:24.360 start a small business and some of them pay company tax, 0:16:24.720 --> 0:16:29.360 all of that will just magically disappear. The reality is 0:16:29.360 --> 0:16:31.560 that all of that modeling has already been done by 0:16:31.640 --> 0:16:35.480 the Treasury, and even after all of those assumptions, guess what, 0:16:36.160 --> 0:16:39.080 the distance between how much they're spending versus how much 0:16:39.440 --> 0:16:42.120 they have to pay for it gets bigger and bigger 0:16:42.280 --> 0:16:46.680 each and every year. So forgive me if I do 0:16:46.720 --> 0:16:49.840 not trust a government that, when asked a question as 0:16:49.920 --> 0:16:54.680 clearly as the one Peter Dutton asked, does not answer no, 0:16:55.720 --> 0:16:59.880 hell no, and I will resign rather than make the change. 0:17:00.560 --> 0:17:03.040 Then they are leaving the door open, a door that 0:17:03.080 --> 0:17:08.080 they have said was closed on superannuation, was closed on 0:17:08.359 --> 0:17:11.159 tax cuts. But they found a way to reopen it, 0:17:11.200 --> 0:17:14.719 didn't they. And because much of the media wanting this 0:17:14.760 --> 0:17:17.480 government to be a success. Remember how they first reported 0:17:17.760 --> 0:17:20.960 those two little too late tax cuts, rather than saying 0:17:21.160 --> 0:17:24.359 how much the tax cut would be in your monthly pay, 0:17:24.480 --> 0:17:27.000 which is how often you end up paying your tax 0:17:27.280 --> 0:17:31.199 or fortnightly, or even take it down to weekly pay. No, no, 0:17:31.240 --> 0:17:34.600 they told you the annual number, didn't they, Because it 0:17:34.640 --> 0:17:38.240 was a bigger number, a scarier number to show you, 0:17:39.040 --> 0:17:42.440 or not really scary, an exciting number to show you. 0:17:43.480 --> 0:17:47.280 But just as we picked it. Like the proverbial dirty nose, 0:17:48.560 --> 0:17:52.280 as I'd say too often to the kids, the reality 0:17:52.400 --> 0:17:55.280 is that when they want to spin it, they go up. 0:17:55.320 --> 0:17:57.280 The reality is it goes down. And for the people 0:17:57.280 --> 0:17:59.760 earning forty five thousand dollars was fourteen dollars a week 0:18:00.119 --> 0:18:02.680 too late. And then the pole came out a month 0:18:02.760 --> 0:18:05.240 later saying people didn't notice. And then another pole came 0:18:05.240 --> 0:18:07.920 out like a year later saying seventy percent of people 0:18:07.920 --> 0:18:09.840 couldn't name a single thing the government had done to 0:18:10.000 --> 0:18:11.400 help their financial situation. 0:18:12.359 --> 0:18:18.040 Maybe that's because we don't trust them. Maybe it's because, yes, 0:18:18.320 --> 0:18:21.280 if you gave every single person in Australia one dollar 0:18:21.520 --> 0:18:24.880 and you're added it all together, it's twenty seven million dollars, 0:18:25.440 --> 0:18:29.760 but we all know that a dollar reaching every citizen wouldn't. 0:18:29.359 --> 0:18:35.119 Pay for virtually anything. And an opinion poll backs this 0:18:35.240 --> 0:18:37.600 up that people do not trust where these people may 0:18:37.640 --> 0:18:39.840 go and certainly where they would go if the Greens 0:18:39.840 --> 0:18:42.320 of the tale that's wagging the puppy, as it may 0:18:42.359 --> 0:18:46.120 well be after the next election. A national poll commissioned 0:18:46.119 --> 0:18:48.960 by the Financial Services Council showed forty four percent of 0:18:48.960 --> 0:18:51.240 Australians do not trust the government when it came to 0:18:51.440 --> 0:18:56.160 setting superannuation taxes. This goes up to forty six percent 0:18:56.200 --> 0:18:59.280 when the government's plan for superannuation balances worth more than 0:18:59.600 --> 0:19:02.560 three million dollars were shared with respondents. Ie when they 0:19:02.600 --> 0:19:05.840 were told of the broken promise of the last election. 0:19:06.560 --> 0:19:08.920 Even more people don't trust what they may do at 0:19:08.960 --> 0:19:13.000 the next term in government. More than seventy percent of 0:19:13.000 --> 0:19:16.480 respondents to the poll, which was conducted by Crosby Texter, 0:19:17.119 --> 0:19:19.640 said they believed it was somewhat likely or very likely 0:19:19.640 --> 0:19:23.440 that Labor would introduce further superannuation changes should the party 0:19:23.480 --> 0:19:27.960 be re elected. Seventy percent of people know they can't 0:19:28.000 --> 0:19:31.800 trust them and expect an increase on taxes on the 0:19:31.800 --> 0:19:33.560 money that, by the way, you didn't choose to put 0:19:33.560 --> 0:19:38.280 into superannuation. The government forced you to put into superannuation. 0:19:39.280 --> 0:19:40.960 The theory, of course being that you would be able 0:19:41.040 --> 0:19:43.560 to pay for your own retirement, but the reality being 0:19:44.400 --> 0:19:47.640 that unless you are earning a massive chunk of change, 0:19:47.680 --> 0:19:50.199 then you have not been able to put aside the 0:19:50.200 --> 0:19:54.320 best part of ten percent of your lifetime income and 0:19:54.400 --> 0:19:56.520 it to be able to last as long as your 0:19:56.520 --> 0:20:00.760 body will. Oh and even then, the people who are 0:20:00.840 --> 0:20:04.840 earning a particularly large chunk of change, guess what, The 0:20:04.920 --> 0:20:09.640 law allows those contributions to be capped. So don't automatically think, 0:20:09.680 --> 0:20:12.280 if you're somebody who's in multiple hundred thousand dollars that 0:20:12.359 --> 0:20:15.520 you've got ten percent sitting off to the site. Not 0:20:15.600 --> 0:20:18.000 a problem for many Australians, but interesting about how the 0:20:18.040 --> 0:20:23.280 system works. Meantime, the Greens have their plan as to 0:20:23.320 --> 0:20:25.439 how to pay for everything, and it won't surprise you. 0:20:25.840 --> 0:20:28.840 It's about finding your local billionaire, regardless of whether they 0:20:28.880 --> 0:20:31.840 fund the Teels or they back in the Liberal Party 0:20:32.040 --> 0:20:35.040 or they've got their own political party. Shake a billionaire 0:20:37.800 --> 0:20:41.439 and ten percent of their wealth will result in money 0:20:41.480 --> 0:20:46.320 for everyone. Can I talk about crispow On for a second? Sorry, 0:20:46.359 --> 0:20:48.680 trigger warning, trigger warning. I'm talking about Chris Bowen for 0:20:48.800 --> 0:20:52.720 a second. Now we know that this does Cassanova because 0:20:52.760 --> 0:20:56.959 everything he touches is of course all in non electric vehicles. 0:20:56.960 --> 0:20:59.560 Good luck to him, and I don't hate electric vehicles. Right, 0:21:00.040 --> 0:21:01.560 if you've got one, good luck to you. But I 0:21:01.560 --> 0:21:03.880 don't think the government should be turning around and saying, oh, 0:21:04.200 --> 0:21:06.960 this is the only way we must do our bit 0:21:07.040 --> 0:21:09.639 to cut forty three percent of one percent of the 0:21:09.640 --> 0:21:13.600 world's problem. What's China doing on nothing until two thousand 0:21:13.640 --> 0:21:20.480 and forty wow. But of course in Australia, the cars 0:21:20.480 --> 0:21:22.359 that we want to buy because they're the ones that 0:21:22.440 --> 0:21:24.920 work for our families, they work for ourselves, or you've 0:21:24.920 --> 0:21:27.159 worked hard enough to pay for or you want to 0:21:27.240 --> 0:21:29.600 use them as the thing you get around in when 0:21:29.640 --> 0:21:33.120 it comes to work. Because remember what I spoke about 0:21:33.119 --> 0:21:36.120 over the past couple of nights about small business. Ninety 0:21:36.200 --> 0:21:40.359 seven percent of all businesses in Australia a small business. 0:21:40.520 --> 0:21:43.840 Of those, about seventy percent are sole traders. So there's 0:21:43.840 --> 0:21:46.760 a good chance you might buy a ute like some 0:21:46.880 --> 0:21:49.439 of the top five cars that was sold last year 0:21:49.480 --> 0:21:53.560 here in Australia, big beefy, beautiful cars like the Ford Ranger, 0:21:54.560 --> 0:21:57.840 the Rev four, the high Lux, the Dmax or the Outlander. 0:21:59.320 --> 0:22:03.399 Well all of those. Of course, I'm not electric. So 0:22:03.480 --> 0:22:07.159 the government has introduced a brand new standard, signed off 0:22:07.200 --> 0:22:10.679 on the opposition disgracefully so, but still they changed the 0:22:10.800 --> 0:22:14.880 rules that cars that were high polluting they could still 0:22:14.920 --> 0:22:17.760 be sold in Australia. You just have to pay a 0:22:17.840 --> 0:22:21.880 little compensation, pay a big tax on top of it. 0:22:22.520 --> 0:22:26.399 And Chris Bowen of course was very clear to say, hey, 0:22:26.720 --> 0:22:29.000 settled down, nothing to see here, no problems, that's all 0:22:29.040 --> 0:22:32.399 just stuff they make up on Sky News in prime time. 0:22:33.880 --> 0:22:37.280 Car companies can continue to import any particular. 0:22:36.800 --> 0:22:40.280 Model they wish, they must meet a standard across their 0:22:40.440 --> 0:22:41.080 entire fleet. 0:22:41.400 --> 0:22:46.040 No model will be mandatory, No model will be banged. Well. 0:22:46.080 --> 0:22:48.480 It is with great notes that one of the people 0:22:48.480 --> 0:22:51.320